Apple Stock Analysis | Could AAPL Reach $425+ in 2020?
Apple Stock Analysis, Could AAPL Reach $425+ in 2020? // There’s a lot of talk about whether or not Apple Stock could reach $425+ in 2020. Some seem to think so! Here, I do an in-depth analysis of AAPL. Enjoy!\n\nApple share prices skyrocketed last year over 100% and into the beginning of 2020 and it looks they’re picking up right where they left off. \n\nYTD, AAPL share prices are up over 15% from $300 to about $350, which is an all time high, and they’re up nearly 90% over the last 12 months, with a 52 week low of $182.15. \n\nDuring the market crash earlier this year, AAPL share prices reached a low of about $220. And if you follow me on twitter, you know that I was a huge advocate of picking up Apple stock after prices dropped below $250. \n\nIf you have any questions about this video, or any stock market topics, please do not hesitate to drop me a comment below!\n\n👉 Get TWO FREE STOCKS on WeBull worth between $2.50 – $1400 when you open an account! https://act.webull.com/kol-us/share.html?hl=en\u0026inviteCode=QM8BVFLQfvAk\n\n✅ FOLLOW ME ON TWITTER: https://twitter.com/GriffInvesting\n\n✅ FACEBOOK PAGE: https://www.facebook.com/Riley-Griffith-516984218791446/\n\n✅ STOCK MARKET FB GROUP https://www.facebook.com/groups/2391984294365851/\n\nDISCLAIMER: \nThis video is for educational purposes only. I am not a financial adviser or financial professional. Watching this video does not equate to receiving professional advice. Anything stated in this video is simply my opinion and success is not guaranteed. All investments require taking on a certain amount of risk. You are responsible for your investments and the risk that you take on. It is very important that you do your own research and draw your own conclusions before making any decisions with your money.\n\nAFFILIATE DISCLOSURE: Some of the links on this page are affiliate links. This means that I may earn a commission if you open an account, or click through the link. This is at NO COST to you.
Goldman Sachs lowered its price forecast for Apple TV+
Apple shares tumble on Friday after Goldman Sachs analysts cut corporation price forecast amid fears Apple TV + trial will hit revenues.
Goldman analyst Rod Hall cut his price target to $ 165 a share from the previous $ 187, arguing that the company’s free TV service would lower up front margins and hurt the group’s gross profit as well as earnings per share next year..
«Essentially, Apple’s accounting method shifts hardware revenue into services, even if customers don’t perceive themselves as paying for TV.+», – Hall wrote.
«While this may sound convenient for Apple’s service revenue line, it is equally inconvenient for obvious hardware ASPs as it does for high-quarter sales margins.», – analyst thinks.
Goldman does not blame Apple for miscalculations, but believes that the profitability of the hardware will suffer as a result of this free trial, which will cause negative reaction from investors..
Hall explained that Apple had previously used “very similar approach” to their accounting methods for the so-called “embedded services”, such as Apple Maps and its artificial assistant Siri. Goldman analyst expects TV + free trial revenues to add 25% to Apple’s gross margin contribution, resulting in lower product revenues “to a negative calculated EPS impact of 16%” for the first quarter of fiscal year 2020.
On the back of the news, Apple shares dropped 1.7% by mid-trading.